Enterprise Financial Services (NASDAQ:EFSC) Stock Rating Lowered by Wall Street Zen

Enterprise Financial Services (NASDAQ:EFSC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

EFSC has been the subject of a number of other reports. Keefe, Bruyette & Woods raised their price objective on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial upped their target price on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Finally, Piper Sandler raised their price target on shares of Enterprise Financial Services from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.50.

Enterprise Financial Services Stock Down 1.6%

Shares of NASDAQ:EFSC opened at $67.39 on Friday. The firm has a market cap of $2.47 billion, a P/E ratio of 12.72 and a beta of 0.79. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Enterprise Financial Services has a 12-month low of $51.18 and a 12-month high of $68.73. The business has a fifty day simple moving average of $62.85 and a 200 day simple moving average of $58.88.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, topping the consensus estimate of $1.30 by $0.01. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%.The firm had revenue of $188.85 million for the quarter, compared to the consensus estimate of $174.02 million. Analysts predict that Enterprise Financial Services will post 5.57 earnings per share for the current year.

Insider Activity

In related news, EVP Mark G. Ponder sold 1,250 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enterprise Financial Services

A number of hedge funds have recently added to or reduced their stakes in EFSC. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Enterprise Financial Services by 3,318.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank’s stock worth $1,537,000 after buying an additional 27,639 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Enterprise Financial Services by 2.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock valued at $53,759,000 after acquiring an additional 26,008 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Enterprise Financial Services during the 3rd quarter valued at $1,211,000. Clayton Financial Group LLC acquired a new position in shares of Enterprise Financial Services during the 4th quarter valued at $540,000. Finally, Endeavour Capital Advisors Inc. boosted its stake in Enterprise Financial Services by 109.8% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank’s stock worth $10,003,000 after acquiring an additional 96,926 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.